After peaking last November AFRM has crashed over 90% in a move reminiscent of the Dot.Com bubble i.e. just because a company said they were going to expand into the BNPL market didn’t mean the roads would be paved with gold although AFRM remains a $US6.2bn goliath in the space. This is now a space that has the jitters, the question today is will the previously hot lithium space follow in the footsteps of bitcoin and the BNPL space?
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Buy Hold Sell: The best and worst performers of FY25
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Wednesday 6th August – ASX +41pts, REA, PNI, IFM
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Wednesday 6th August – Dow off -61pts, SPI up +11pts
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MM is neutral Affirm (AFRM US)
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